I received a class action settlement check payable to my deceased mother and an associated 1099 misc box 3. Is it taxable?
Michael's answer
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Answered on January 06, 2021
i agree with Mr. Burnett---this is a "depends" answer for both income tax and inheritance tax purposes. you will want to meet with an attorney ,...
Archived
Do I have to pay an inheritance tax on my house ?
Michael's answer
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Answered on January 06, 2021
I agree with all 3 prior answers. you should meet with a probate attorney to determine if there are other assets/expenses to be dealt with, and...
How do we sell business?
Michael's answer
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Answered on January 01, 2021
you should meet with an attorney to review your Operating Agreement first to determine if this issue is addressed. If not, since you both own 50%...
Archived
Non compete contract?
Michael's answer
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Answered on January 01, 2021
the enforceability of the non-compete depends on a number of factors, the first of which is the language in the agreement and how broad the...
What is my financial obligation in regards to the wording of this trust provision?
Michael's answer
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Answered on December 31, 2020
Steve is correct that the language you describe may just be a suggestion and not a mandate in the Trust. Also, the phrase "distributive share"...
My dad put my sister on his IRA but his not on the certificate because she was born out of wedlock?
Michael's answer
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Answered on December 31, 2020
As this is worded you have two different questions: The first concerns an IRA. If your father lists your sister's name as a beneficiary on the...
My mother died, we have not spoken do to my child abuse for over 25 years, the funeral home wants me to pay, what are my rights?
Michael's answer
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Answered on December 21, 2020
Attorney Woodward is correct. you do not want to sign any documents with the funeral home nor make any arrangements through the funeral home. you...
Archived
I own a transportation corporation I like to open another transportation And attach it to this corporation Can this be d?
Michael's answer
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Answered on December 19, 2020
As you can tell from the prior two answers, this is not a question that can be answered in brief, and really requires you to meet with a business...
Archived
How can I get a funds transferred internationally being held up by a tax I cannot afford to pay?
Michael's answer
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Answered on December 17, 2020
I agree with Attorney Burnett. Unfortunately, this is a very common and widespread scam, even when the notice you get has correct names for...
I received a cash inheritance this December, do I owe PA inheritance taxes on the amount?
Michael's answer
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Answered on December 17, 2020
you should contact the attorney that represented the Estate and filed the Inheritance Tax return on behalf of the Estate. Since you have not been...
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